Alrosa’s Production Slipping in Q1

Alrosa mined 8.1 million carats in the first quarter of the year, a 19 percent year-over-year decline in production. The company did not explain the decline or disclose revenues in the period.

The figure was disclosed in an Executive Committee meeting report.

Fabergé Opens First NY Boutique

Legendary jewelry house Fabergé is opening its first New York boutique. Emphasizing its design heritage, the façade of the 850-square foot Madison Avenue store – a champagne colored lattice – is inspired by the Coronation Egg, one of the iconic Imperial Easter eggs created by Peter Carl Fabergé in 1897, to celebrate the coronation of Tsar Nicholas II.

Scientists from Novosibirsk started to produce synthetic precious stones

"In my hand I have a precious stone, alexandrite. Here its weight is approximately one carat. Women in jewellery stores got used to see stones of such size" - the correspondent of All-Russia State Television and Radio Broadcasting Company NOVOSIBIRSK Oksana Tarasenko says. In the Novosibirsk geology institute alexandrite of such size can be grown up in a week.

The Second Kristall Polished Tender

Kristall Production Corporation is constantly adapting its marketing and sales policies to the realias and challenges of the present-day diamond market. As part of this creative process, in our efforts to provide a wider range of services to our clients, we are continuing the programme of tender sales, where we are planning to offer exclusive goods mostly from 2.00 carats and up.

Kristall's Revenue +38% in 2011, Profit +53%

Kristall's revenues jumped 38 percent year on year to $567 million (RUB 16.732 billion), which was above the company's financial goal in 2011. Net profit surged 53 percent to $9.7 million (RUB 287.995 million). Taxes rose 80 percent to $26 million (RUB 779.625 million).

During 2011, Kristall opened a proprietary training center to help many of its 2,500 workers gain specialized skills and it invested $5.8 million (RUB 173 million) in innovation and equipment.

Jewellery retail has grown by 19 % in 2011

The Russian jewellery market, as well as the markets of other countries, in many respects depends on fluctuations of the price for precious metals and stones which are used in the jewellery industry. In 2011 the tendency of price rise for precious metals that increased cost volume of the Russian retail jewellery market continued.

ALROSA 1Q Sales +5%

ALROSA reported that its sales of rough and polished diamonds rose 5 percent year on ‎year to $1 billion in the first quarter of 2012.‎ ‎ALROSA observed moderate growth of rough diamond prices and the company is ‎expecting that trend to continue in the second quarter. ‎

Russian Diamond Manufacturers Criticize Indian Interest in Russian Goods

 Access to rough diamonds has always been an issue for diamond manufacturers, and the backdrop to much commercial and national strife. Last week this was exemplified when a Russian manufacturing association said they are "outraged" by an Indian appeal to formalize sales by a Russian diamond repository.

Alrosa Diamond Production 34.6 Mln Cts in 2011, Sales $4.5 Bln

Alrosa remains the world's largest diamond producer by volume. The Russian firm mined 34.6 million carats in 2011, up from 34.3 million carats in 2010, the company stated on Friday. The Alrosa Group aggregate rough diamond sales totaled a record $4,454.8 million, an 11.4 percent year-over-year increase, according to the report posted to its website. Net profit totaled RUB 29,519 million ($998 million), up 150.4 percent from 2010.

Russia's Alrosa Eyes Rising Diamond Stocks

The Russian state mining company OAO Alrosa has determined that purchasing shares in diamond production companies is the surest way for investors to benefit from rising gem prices, Bloomberg Businessweek reported.

Indian Diamond Manufacturers to Host Russian Buyers

Indian diamond manufacturers and Russian buyers will meet April 3-5 in Surat. The 15 manufacturers will have a chance to offer their goods and show their capabilities to 200 buyers arriving especially from Russia.

The Gem and Jewellery Export Promotion Council (GJEPC) together with Moscow Diamond Bourse (MDB) are organizing the event totted as the first opportunity for Russian companies to establish direct business contacts with diamond manufacturers in the heart of the diamond industry.

India Requests Russia to Increase Rough Diamond Supply

India has asked Russia to push ALROSA for an early conclusion of long-term supply contracts so that more Indian companies can apply to source rough from the mining giant. The move would enable India's state-run trading company MMTC Ltd. and the Hindustan Diamond Company Private Limited (HDCPL) to apply for rough from ALROSA.

Al. MARKIN, the head of FPI « Assay Chamber of Russia», about quality of jewelry

With a view of increase of efficiency of consumer rights protection on the market of jewelry from precious metals the Consumers Union of Russia and FPI of Assay Chamber of Russia concluded the agreement about cooperation on prevention and suppression of consumer deception. On this subject on March 2, 2011 the joint press conference of the Consumers Union of Russia, the Assay Chamber of Russian Federation, Moscow Consumer Rights Protection Society, Rostest Moscow, with assistance of the Academy of quality problems of the Russian Federation was held.

Alexander MARKIN, the head of FPI «Assay Chamber of Russia » made a speech at the press conference about the following...

Russia Exported $3.8-bln Worth of Uncut Diamonds in 2011

Russia exported about 32.3 million carats of uncut rough diamonds worth $3.81 billion in 2011, registering a 37% increase in value year-on-year, the Finance Ministry said on Thursday.

The whole world will get to hear about the mark "Made in Russia"

With long-awaited Russia's accidence to the World Trade Organization the future of jewellery branch in Russia became especially actual question for many participants of the jewellery market: whether it will be possible to survive after cancellation of protecting duties when already now the market is overfull by production from South East Asia.